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How do professionals look at AMZN stock?

Amazon: a 4-of-4 business with 98% Buy ratings and 32% upside, trading 15% below its high

A four-of-four Financial Scorecard, revenue up 12.4% to $743 billion, and 98.34% of 41 analysts rating Buy with an average target of $315.05 — about 32% above the price. Yet Amazon trades 15% below its 52-week high with a weakening trend. Current price: $236.87.

Educational content only — not financial advice. Always do your own research. Fundamentals from restnvest (SEC 10-K, 2026-02-06) · Analyst data from Anachart (2026-06-09)
e-commercecloud-computingdigital-advertising
Three lenses on Amazon. Are they aligned?
The business Remarkable
Financial health 4/4 · Revenue +12.4% · FCF margin 1.3% · ROIC 24.3%
The stock Caution
Valuation 2/4 · P/E 31.5x · 15% below 52-week high · Timing 2/3
The analysts Strongly Bullish
41 analysts · 98.34% Buy · 1.66% Hold · 0% Sell · Avg target $315.05 (+33.0% upside)
A flawless scorecard and near-unanimous Buy ratings — against a stock that has pulled back 15%
Amazon earns a perfect Financial Scorecard, and 98.34% of analysts rate it Buy with an average target about 32% above the price — the widest upside in this set. The one hesitation is recent price action: the stock is 15% below its high with a weakening trend, which restnvest scores as Watchlist Entry. The fundamentals and the consensus both point up; the debate is whether the pullback is an opportunity or a warning.
The case for owning Amazon
What the business fundamentals say
Remarkable

Changes over time: 1 discontinued (a Mine Safety Disclosures regulatory line, dropped after 2025), 2 New & Sustained, 3 Evolved, 2 New Products — a portfolio steadily evolving across e-commerce, AWS, and advertising.

From the 10-K filing · 2026-02-06
Investment thesis — AMZN
Strong emphasis
Moderate
Strategic themes
E-commerceCloud ComputingSubscription ServicesDigital Content
Competitive moats
Brand PowerScale EconomiesNetwork Effects
Market opportunity

Amazon competes across several of the largest markets in technology and retail at once — online and physical commerce, third-party marketplace services, AWS cloud computing, advertising, and subscriptions through Prime. Each leg reinforces the others: the retail flywheel feeds advertising and Prime, while AWS funds investment across the business. International expansion and the buildout of AI infrastructure broaden an already enormous addressable market.

Value creation

Amazon turns scale into compounding value: trailing revenue of $743 billion with a 24.3% return on equity and $148 billion of operating cash flow. The reported levered free-cash-flow margin is thin at 1.3%, because the company is reinvesting heavily in fulfillment and AI data-center capacity — a deliberate spend that depresses near-term free cash flow while building future capacity. All four Financial Scorecard signals — growth, profit quality, debt safety, and owner value — are rated strong.

Extracted from SEC 10-K. Full thesis on restnvest →
Stage 2 · Financial performance
Financial scorecard
4 of 4 strong
Growth quality
Scalable Growth
Profit quality
Cash-Backed Profits
Debt safety
Comfortable Coverage
Owner value quality
Compounding Equity
Rev growth +12.4% · FCF margin 1.3% · ROIC 24.3%
Bottom line: A four-of-four Financial Scorecard, revenue growing 12.4% to $743 billion, a 24.3% return on equity, and $148 billion of operating cash flow — and 98.34% of 41 covering analysts rate the stock Buy, with an average target roughly 32% above the price.
versus
The case for caution
What the stock price and analysts say
Caution
Stage 3 · Valuation
Valuation scorecard
2 of 4 sensible
✗ Price discipline
Watchlist Entry — 15% below high, trend weakening
✓ Price tag
Sensible — P/E 31.5x
✓ Capital discipline
Sensible
✗ Doubling potential
Caution
Stage 4 · Timing
Timing signals
2 of 3 supportive
Trend
Stabilizing
Momentum
Aligned
Stretch
Bounce Setup
Trend: Higher lows are forming, but highs are not yet improving — early signs of support
Momentum: Short-term and long-term pressure are both improving, with the gap narrowing
Stretch: RSI balanced with selling pressure cooling — a setup for a bounce
Analyst conviction · Anachart · 2026-06-09
Where do analysts stand — and how much runway is left?

Y = price target. X = days remaining on call (negative = past expected hit window). Bubble size = Anachart Performance Score. Dashed vertical = the expected-hit boundary.

Buy
Hold
Sell
Upper-left · Fading signal
High target, window closing.
Upper-right · Most interesting
Bold call, plenty of runway.
Lower-left · Stale or wrong
Modest target, window closed.
Lower-right · Cautious coverage
Modest target, time left.

Chart shows 5 of 41 covering analysts. See all on Anachart →

Bottom line: The stock sits 15% below its 52-week high with a weakening trend, which restnvest scores as Watchlist Entry, and Doubling Potential is rated Caution. The reported free-cash-flow margin is thin at 1.3% as heavy AI and fulfillment capex absorbs cash.

The reconciliation

Amazon's fundamentals and its analyst coverage are pulling in the same direction, which makes the pullback the whole story. The Financial Scorecard is a clean 4 of 4: revenue grew 12.4% to $743 billion, return on equity is 24.3%, and operating cash flow runs at $148 billion a year. Analysts are almost unanimous — 98.34% rate the stock Buy, with an average target of $315.05 against a price near $237, roughly 32% of implied upside and the widest in this set. The friction is entirely in the stock's recent behavior. It trades 15% below its 52-week high with a trend restnvest reads as weakening, scored as Watchlist Entry, and Doubling Potential is flagged Caution at a P/E of 31.5. One nuance worth naming: the reported levered free-cash-flow margin is just 1.3%, far below the company's profitability, because Amazon is pouring capital into AI data-center and fulfillment capacity — spending that suppresses free cash flow today while building future earnings power. Timing offers a counterpoint: 2 of 3 signals are supportive, with momentum aligned and a bounce setup forming, hinting that the weakness may be stabilizing. The reconciliation is straightforward: nothing in the business or the consensus argues against Amazon — the only open question is whether the 15% pullback is a discount to a strong franchise or a sign the market is repricing the heavy investment cycle.

Dive deeper into the fundamentals

See Amazon's full 6-stage analysis on restnvest →
Sources
Fundamentals: restnvest — SEC 10-K, 2026-02-06. | Analysts: Anachart — 2026-06-09.
This is educational content only — not financial advice.